Page 4 - Lt Technology Services News Today

Indias benchmark indexes are set to open higher on Friday, with better-than-expected results from Nifty 50 components Bajaj Finance and IndusInd Bank boosting sentiment. Indias... -April 25, 2024 at 11:31 pm EDT - MarketScreener

L&T Technology Services Ltd achieved significant financial growth in FY24, reporting a net profit of Rs...

Happy Friday! Omnichannel retailer FirstCry will refile its IPO papers following queries from Sebi. This came right on the back of Swiggys $1.25 billion proposed IPO receiving shareholder nod. This and more in todays ETtech Morning Dispatch.

L&T Technology Services Ltd (LTTS) shares fell 9.48 per cent to hit a low of Rs 4,689.50 on BSE. The LTTS management guided for FY25 revenue growth of 8–10 per cent in constant currency CC terms despite the strong exit rate.

The companys EBIT margin stood at 17.1% for the quarter ended March and the board has recommended a final dividend of Rs 33 per share.

L&T Tech has announced streamlining and simplifying its structure from existing five segments into three main segments to drive growth, scalability and technology innovation

L&T Tech reported a modest 0.2 percent YoY increase in net profit, reaching ₹340 crore, due to slower revenue growth and a reduction in margins. Its revenue grew 5 percent YoY to ₹2,537.5 crore.

Top losers on the Nifty were Bajaj Finance, Bajaj Finserv, Nestle India, IndusInd Bank, M&M, while gainers were Tech Mahindra, Divis Labs, LTIMindtree, Bajaj Auto, BPCL.

Telecommunications companies can expand their service offerings and become indispensable to their clients, creating more revenue and customer loyalty, by harnessing AI.

At close, Sensex was down 609.28 points, or 0.82%, at 73,730.16. Meanwhile, Nifty opened higher at 22,620.40 and touched a low of 22,419.90 in intraday trades.